In December 2012, an investor in the UBS Willow Fund, a private hedge fund formed in 2000, was named in a class action lawsuit filed in Manhattan. The case is Boudreau v UBS Willow Management LLC . Other UBS affiliates are also named in the case as well as several individuals involved in the management of the fund.
Earlier in the year, investors were notified that the Fund, which is down 80%, was being liquidated.
Investors who were sold this investment based on misrepresentations that it was safe and low risk may be able to recover a portion or all of those losses through FINRA arbitration against the brokerage firm who sold the investment. Brokers have a duty to make suitable recommendations to investors.
FINRA arbitration generally does not prohibit the investor from also participating in any recovery resulting from a class action like this one since the defendants in the class action are not the same as the ones typically named in a FINRA arbitration.
Rex Securities Law is investigating UBS Financial Services as well as other brokerage firms that sold Willow Fund to determine if their sales practices were deficient in connection with the sale of this investment.
If you have losses as a result of investing in Willow Fund, call us for a no charge consultation. We have been assisting investors with recovery of stock market losses for 25 years.
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